Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($in thousands) 2021 2020 Assets. Cash Accounts receivable Inventory Land Building $ 410 410 $ 150 220 560 365 575 530 900 900 Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent Liabilities Accounts payable Accrued liabilities (200) (165) 2,650 2,330 (388) 1,300 (360) 1,600 $ 6,217 $ 5,570 $ 660 180 Lease liability-land 130 $ 360 130 0 Shareholders Equity Common stock 3,160 3,000 Paid-in capital-excess of par Retained earnings 500 1,587 495 1,585 $ 6,217 $ 5,570 HETAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $2,551 Gain on sale of land Expenses Cost of goods sold " 45 $2,596 860 Depreciation expense-building 35 Depreciation expense-equipment 244 Loss on sale of equipment 10 Amortization of patent Operating expenses Net incone 300 550 3,999 $ 597 a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021. b. During 2021, equipment with a cost of $240,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $165,000 and $430,000 for stock dividends and cash dividends. respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. (Enter your answers in thousands (i.e. 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign.) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2021 Cash flows from operating activities Net income Adjustments for noncash effects ($ in 000s) Changes in operating assets and liabilities Net cash flows from operating activibes Cash flows from investing activities Net cash flows from investing activities: Cash flows from financinn activities For year ended December 31, 2021 Cash flows from operating activities: Net income Adjustments for noncash effects: ($ in 000s) Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities